My CC is messed up again
Let me preface this by saying: We pay off our CC a few times a month, never any interest. And no, I didn't have a credit the previous month (learned my lesson on paying ahead);
I did a fresh start in Jan. With a couple of hiccups (which y'all helped me with), I've been sailing through. Then Aug happened, and for some strange reason I had to assign $2.16 directly into the CC category in order to fix something strange.
Now I'm looking at Sep and although that NO categories for the entire year have been underfunded, and yet I see:
My current CC balance on the left column is My understanding is that the left column (-1514.34) should match the right "available" column (1449.93)
I don't even know where to try to figure out what went wrong! Any suggestions on where to start?
When you pay your card to zero, especially if you pay it several times a month, you VASTLY increase the odds you’ll encounter one of the edge cases related to paying the card to a positive balance. Unfortunately, the population who lack the knowledge of YNAB to know what to do in that instance is the same population of people who are most likely to be nervously paying their card all the time. My guess is this is what has happened to you: you’ve repeatedly ended up with money in RTA and assigned it to the wrong place.
Pay your card once per month, paying at least the statement balance and no more than what the cleared balance on the card is. You can technically pay up to what’s in the category, which relates to the working balance, but let’s keep things 100% foolproof here just in case one of your pending transactions doesn’t work out.
Most long-timers have our statement balances auto-withdrawn on or just before their due dates.
Personally in the US I do not use a debit card or bank card because I do not want to risk having my cash taken in the event that there is a compromised card.
Interesting. Thanks for the point of view.
I functioned for years without a credit card because in the country I lived in, you can only get a credit card if you earn enough money and have enough savings. Or at least you used to. Now you can get store credit cards without any problem 😞 So I was/am wondering why people with low limit would so actively use their CC instead of using a debit card more.